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a cliffhanger for homeowners. how tumbling over the fiscal cliff could affect the housing recovery. in today's cover story, coffee bean prices are dramaticly lower. why the price of some cups of joe remains the same. plus, a breakdown of the recent jobs data. what sector is still struggling? what you can expect to pay at the gas pump this holiday season. and, this year's literary sensation made for a very merry christmas for workers at a publishing house. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, december 10th. i'm angela miles. in today's first look: traders are watching for a santa claus rally, but it's not happening for tech yet. on friday the dow finished off a 3-session winning streak, but the nasdaq lost more ground as apple continues to sink tech stocks. gold rallied above $1,700 an ounce, while oil pulled back. aig reports its losses from damage and destruction caused by superstorm sandy will be $1.3 billion. it's green monday. the second monday in december is considered a c
.m. >>> republicans and democrats raided accusations over who is to blame for the fiscal cliff. john boehner and president obama and nancy pill low city blamed the republicans. >> we had a serious proposal based on president clinton's chief of staff. there is no counter offer from the white house. unstead, reports indicate that the president -- instead, the president has deliberately walked our economy right to the edge of fiscal cliff. >> he said democrats are slow walking the economy to the fiscal cliff, yet, this is the same republican leadership that has the house in session barely a day. barely a full day this week. >> the fiscal cliff is the term that is given to a set of spending cuts and tax increases that will take effect in january if congress does not act to stop them. >>> investigators are trying to determine what happened before a football fan fell or jumped from the third deck at the oakland coliseum. he fell to the concourse during last night's broncos, raiders game and taken to the hospital with serious injuries. they called it an accident and it remains under investigation.
of the house john boehner are getting closer to reaching a deal to avoid the fiscal cliff. john boehner says last week's offer stands and it doesn't include higher tax rates on the wealthy. the white house says there can't be a deal without the increase. >> people are disgusted at the notion of a fiscal cliff took their feelings to the streets today. [ singing ] >> 75 protesters rallied downtown at noon and the raging grannies sang. the demonstration was organized by the american dream counsel and moveon.org. they are asking the public to contact john boehner. >> we are focusing our rally on john boehner and asking him to pay attention to what is good for the country instead of protecting himself. >> the group says they will target any lawmaker who tries to cut a deal over the fiscal cliff. >>> thousands will pause saturday to remember those who lost their lives serving our country. [ bagpipes playing ] >> the kickoff was held today at the state capttle. -- capital. >> makes you quietly think that, one, you are glad to be an american, you have to say thank you to these individuals who gave t
in a fiscal cliff negotiation. the president spoke at a detroit suburb with axle and engines. he continues to push his plan to raise taxes on the wealthy. >> all congress needs to do is provide a law that will provide taxes on the $250,000 of everybody's income. >> they are trying to enact a right to work law to allow workers to opt out of paying union dues. >>> and in san jose, they are trying to keep social programs in place despite the looming cliff and -- and jeanine della vega joins us with more. >> reporter: these people are protesting cuts politicians want to make they are holding up signs and getting honks from drivers on the road. this group of about 30 people have set up tents in front of the office and they are pleased she supports not cutting back on medicare medicaid and social security. for example they are upset that some of the proposals are about raising eligibility rate for people on medicare. other politicians are using the fiscal cliff into intimidating congress into dismantling the programs that others rely on. >> it ought to be used to strengthen the medicare program
. >>> president obama is meeting with two different groups today. both have concerns about the fiscal cliff crisis. he will lead with the ceos of business leaders and then later, he will meet with native- american tribal leaders. the one issue where he's refusing to budge in fiscal cliff issues. >>> the voters passed prop 30, which raises taxes on people who earn more than $250,000 a year. it also increases the sales tax. well, the ucla and der son forecast says because of prop 30 -- anderson forecast says because of prop 30, unemployment will not improve as fast and personal income will be less than expected. but economists say california is still on track for economic growth and more jobs. >>> well, sheriffs in solano county want your help. they are trying to catch vandals who damaged a home known for its holiday displays. every year, bob and linda taylor transform their home in vallejo on glencove road into a christmas wonderland. but this year, someone ripped down some of their lights and dragged them in the streets and they were run over. the taylors say the lights can be fixed an santa claus
-called fiscal cliff it is going on behind the scenes. speaker of the house john boehner is waiting to hear a counter offer from president obama since the republican plan was delivered on monday. >> reports indicate the president adopted a strategy to slow walk our economy to the edge othe fiscal cliff. -- edge of the fiscal cliff. >> vice president joe biden said a deal could be done in 15 minutes. he made the comments during a lunch with people the white house described as middle class. >> couple hundred bay area senior citizens made noise today about the fiscal cliff. [ music playing ] >> they held a flash mob in front of the federal building in downtown san francisco. they are rallying for social security, medicare and medicare. they support the president's plan. >>> another winner. what we know about the latest person to claim a huge power ball jackpot. >> the weather is looking nice. the warmest day of the weekend and when shower chances return in the five-day forecast. >> parents complain their daughters are being bullied. we will tell you what is happening at a middle school. [ laug
auto workers to avert the fiscal cliff. the president will tour a suburb of detroit which is all a part of the president's plan to raise taxes on the well, the nest% and over the weekend, it was their first one-on-one meeting and we will hear whether any progress was made. >>> they are expected to pass a key hurdle today. they will have to tell perspective renters whether it is smoke-free or optional. the committee takes place today and if passed, and they say employment is key to reducing violence in oakland but funding for the resource center has come into question in opposition they have put up illuminated billboard but they may vote to cut the amount of medical marijuana that patients are allowed to have. >>> they scrapped current three pounds of dry levels of marijuana. with 12 immature plants and 8 ounces per patient. >>> they are holding one more community meeting in their search for the next police chief. it is the last of four. they would lining to see he is retiring after more than two years. it will be on the south side on cuddle road. >>> you can expect periodic lane closure
that fiscal cliff. >>> find out when it is expected to hit, it is all ahead on the ktvu channel 2 morning news. complete bay area coverage starts right now this is the ktvu channel 2 morning news. >>> well, good morning to you, we are ready, it is tuesday december the 11th, i am dave clark. >> let's start with the weather, maybe some rain coming? >> more cold. >>> it is even colder out there for some but it will be colder for all. upper 70s, that will be a distance memory here soon. the system does not have any rain but temperatures are coming down, low clouds and increasing clouds and very 50s, very low 60s. >>> good morning, no major problems and the weather continues to look good in sunny veil. 5:00 let's go back to the desk. >>> we have been following breaking news out of the area, tara moriarty just arrived at the scene and it's an apartment fire at the bart station. >> that's right, we are only a block away from the bart station. >> reporter: these are some apartment complexes and you can see firefighters right now are making sure there are no more hot spots in the addict -- attic but yo
thefully negotiation -- impacts the fiscal cliff negotiation. >>> a youth group visiting florida got robbed. the group made of you of 24 teenagers and said they were eating in a restaurant in fort lauderdale, florida about an hour after they arrived for a weekend youth conference. they say thieves stole $12,000 cash. one member of the group was able to have money wired to them. so they were able to spend last night in a hotel. we have no word yet if that group will return to oakland today. >>> funeral services will be held this weekend for two teenaged girs shot to death in oakland last month. funeral services will be held for ra chef at cooper's -- raquel at cooper's and the girls were found last month near brookdale park. they had been shot as many as 36 times. no arrests have been made as of yet. >>> today is the 71st anniversary of the attack on pearl harbor. bay area survivors will mark the day by marking the been to on mt. diablo at desk. >> the eye of diablo was turned off on teague 8th, the day after the attack. so it would not be a , so it would not be a guide for -- so it would no
any more agreements with the u.s. until those prisoners are transferred. >>> well, the fiscal cliff is looming unless congress takes action to avoid it. coming up at 7:15, the number of california defense department jobs that could be lost if automatic trick -- automatic tax cuts are formed. >>> bill clinton says he's not sure if hillary clinton will run for president. she said she does not want to continue a secretary of state for president obama's second term. she said she wants to focus on issues to -- that are important to women. >>> let's see what tara is seeing on 880. >> we have a lot of traffic on pinole and then past the golden gate gate. we're in berkeley/emeryville. we have a traffic issue in here. 280, northbound towards santa clara, looking pretty bad. give yourself extra time. let's check in with steve. >>> tara, thank you. there's definitely some breaks in the clouds. jive seen gusts to 25 miles per hour. i dent think this -- i've seen gusts to 25 miles per hour. i don't think this -- this breeze can helpster things up a little bit. still some low clouds around. i'm s
. in today's headlines... the market is still looking for progress on avoiding the fiscal cliff. president obama and congressmen boehner met at the white house yesterday. stocks inched higher on the news, with the dow and s&p 500 near 5-week highs. selling in apple once again held back the nasdaq. gold was up and oil was down. a two-day fed meeting starts today with the fed most likely talking about stimulating the economy by purchasing more treasury bonds to keep interest rates low. the government is selling its remaining stake in aig... and reports say regulators have a $1.9 billion dollar settlement with hsbc. the bank is accussed of laundering money for drug dealers and terrorists. john brady of rj o'brien joins us now. john, are you seeing any special positioning ahead of the fed? > > we have angie. over the course of the last two weeks so, we have seen equity markets continue to "melt up," as traders would say, continue to be sort of supported by this idea that the federal reserve is going to continue its method of quantitative easing. the fed meeting to start today. however, we will
of congress as they try to come up with a deal to avoid the fiscal cliff. he said he and president obama talked and said it is clear that serious differences remain. republicans want tax cuts and reduced spending on programs. >>> they hopefully will remember this wedding anniversary date. 12/12/12. >> witness the marriage today. >> at courthouses al around the to get married. one couple came to the courthouse found all the bookings in city hall were taken. it is the same month, day and year are considered lucky. >>> today on channel news at five. this is a live look from chopper two. lots of officers. oakland police. told us this is a marijuana grow house. they found 700 plants in and cash. and reporter is just getting to the scene. what we learned about the bust and tied to the grow operation at five. thank you for trusting the news at ktvu. >-.y÷$@y+o3vhpe
. >>> u.s. stock markets edged lower today as the fiscal cliff talks drag on. the dow lost 13 points, the nasdaq was down five. trading was light as investors wait for details on the negotiations in washington. in six minutes, rita williams will tell us about a new poll on the fiscal cliff. do americans think it can be avoiding and who are they blaming. >>> sales of pandora plummeted. pandora is facing competition. >>> it appears brits are really getting into the royal pregnancy and bookmakers are taking odds. bets are being taken to if name of the expected babies. traditional names of royals such as elizabeth, victoria and williams are still the favorite. >>> a hollywood landmark is getting a make over. the last minute opposition to a bay area sheriff's purchase of an aerial drone. >> it's like the worse nightmare imaginable. it's like this isn't true. >> while in dialysis and (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, aga
in uniform face if a deal isn't struck to reverse the so-called fiscal cliff. >>> the mormon churched asked ismembers to be more -- its members to be more compassionate to gays and lesbians. now a website calls for them to behave sensitively. being attractive to the same sex is not a sin but acting on it is. >>> same-sexsame-sex couples call -- same-sex couple got licenses today in washington state. >> long lines formed over night. by noon they issued more than 400 marriage licenses in seattle alone. washington has a three day waiting period. the earliest the weddings will take place is sunday. they will recognize same-sex marriages from other states. and washington's state legalizing marijuana also took effect last night. you see here a crowd of smokers to mark the event. >>> 10 years after voters approved funding berkeley has a new animal shelter. it opened today. the $12 million facility has individual dog kennels, indoor cat homes and both areas have individual heating and cooling systems to reduce the spread of disease. it replaces another facility. >>> apple and samsung face a judge a
. >>> they are talking about the fiscal cliff but no word of any significant progress. this comes as another republican says he is willing to break ranks on the standoff. he said he could increase tax rates for upper income americans as part of a plan to cut the federal deficit. some are now looking for a way to save faces a they give in. >>> and they are planning for massive budget cuts as the fiscal cliff talks remain deadlocked. tens of thousands of jobs are on the line here in california. pam for months, pentagon leaders are insisting they are not preparing for major cuts but that's all changing under orders from the white house and they are starting to think about how they will face part of their budget. leon panetta said the cuts will be devastating to our national defense. experts predict, 1 in 5 in california will be lost. no now the arrow space reports -- now the arrow space reports 13 5,000 jobs will be lost along with 9,000 agency jobs for a total of 22 5,000 jobs lost in california over the next few years. the pentagon has said, the army would likely face the steepest cuts. reporting live,
the water once again. >>> they are asking auto workers to avoid the fiscal cliff. the president will chair, after rallying for his support plan. they are raising taxes to help reduce the federal deficit. president barack obama met privately with house speaker john boehner over the weekend. it was the first meeting on the fiscal cliff crisis and the new point of views some are now expenses. runders -- renters may be dealt with by san francisco landlords. they would have to find out if it is option until. if passed it will move tonight full board.$♪. >> legislative leaders are holding a vigil to protect funding for a job center in west oakland. they say jobs and unemployment is key to is keeping few vince town because of an opposition to put up and they are expected to track that is -- thousands of dollars. >>> they could decide to cut the amount of medical marijuana a patient can have. supervisors will consider a proposal to scrap guidelines to allow medical marijuana to have more than 30 plants. the new proposal will allow to the state limit of 6 mature plant and eight. >>> they are hold
the country back from the fiscal cliff. he spoke to workers at a auto engine plant. he said lawmakers need to make some tough spending cuts on things we don't need. but he said he is determined to keep tax breaks in place for the middle class while raising taxes for higher earning americans. >> i won't compromise on. i am not going to have a situation where the wealthiest among us, including folks like me get to keep all our tax breaks and we are asking students to pay higher student los. >> republicans insist cuts to entitlement programs should be on the table. they must act before december 31 to avoid the fiscal cliff. >>> on wall street today, the dow is up 14 to 13,169. the nasdaq is up 8 at 2,986. the s&p is up 0.48 at 1,418. >>> the pentagon identified a navy s.e.a.l. killed over the weekend while rescuing a doctor held captive in afghanistan. he died during the raid. it freed the doctor who was working for a colorado based organization when he was taken captive. he was part of the same group that carried out the raid that killed osama bin laden. >>> two disk jockeys made an amallagy
over that information. >>> with the fist fiscal -- fiscal cliff, there is no information on whether they are closer to a deal but they have more on what programs they believe should or should not be attached on the way to a balanced budget. there are comments of a republican senator and we have more on why he says it's time to cut the food stamps program. >>> as we told you earlier, sal, you have the chopper going? >> yes, news chopper 2 is on the scene of a cliff rescue of the daily city border and skyline and at least one lane is blocked. it is dark and you can tell there are fire crews on the scene and they are trying to figure out what happened as we push closer. we do know for sure something is going on next to the cliff and our reporter brian flores will have more information coming up. let's take a look at the bay bridge, those metering lights get turned on 6:15 and traffic is moving along slowly. it is already crowded as you can tell. traffic 101 southbound does look okay headed towards the san mateo area, let's go to steve. >>> thank you sir, a very good morning. yesterday
the economy move along and what he says, cushion the fall from the fiscal cliff and we will follow that on our noon news. >> we will go ahead and smile and say good morning, it is wednesday december 12th, i am dave clark. >>> a gunman is dead after shooting into a crowd at an oregon mall. sheriff's deputies say he killed two people before turning the gun on himself. joining us from portland where it all happened, good morning, dan. >> reporter: yes, good morning, pam and dave, what a horrible scene this was yesterday. 3:30 in the afternoon, exactly two weeks before christmas, this mall was teeming with shoppers and as many as 10,000 people were inside at the time when shots started ringing out. we understand from eyewitnesses a gunman walked through the macy's store of this maul and then -- mall and then walked to the food court and then fired shots and 5 to 18 more as he shot indiscriminately down the mall area here. we understand two people were killed, a third person was shot, she was wounded, a 15- year-old was taken to a local hospital and the good news is that 15-year-old girl is expecte
a private phone conversation he had with president obama last night about that fiscal cliff situation. >> there were some offers that were exchanged back and forth yesterday. you know, the president and i had a pretty frank conversation about just how far apart we are. >> now, coming up for you at 7:45, political analysts jamie dupree will tell us about the two words we are not hearing in the fiscal cliff negotiations. >>> 7:36. software company founder john mcafee could soon return to the united states. his attorney says a guatemala judge has ruled that mcafee adetention in that country is illegal and he could be released as soon as today. mcafee was detained in guatemala last week after entering the country illegally to avoid police in belize who wanted to question mack afy about the fatal shooting of his neighbor. mca -- mcafee has said he wishes to return to the u.s. so he can live in peace. >>> continuing coverage on the shooting in portland, oregon. here's more. >> reporter: good morning, tori. the mall here is closed at this point while police continue their investigation and w
obama is refusing to budge in those fiscal cliff negotiations. >>> right now 5:07. we want to check back in with tara who is in for sal. definitely wet roads out there. >> reporter: we do have an accident to report. this is a big rig verses a small pickup truck and an ambulance is on the way. we understand there are injuries involved. here it is right here. 880 northbound near the grand avenue exit. we had somebody needs an ambulance basically. we are keeping an eye on it. all right. up next we will take a live look at 280 in san jose. you can see traffic is actually flowing nicely in both directions. and it's 5:08 let's check in with steve. >> thank you tara. >>> our system is finally moving. this is the last one. it cannot hold a candle to the three that came in before. i will show you rain totals in a second. light rain, drizzle, fog, cloudy. once in awhile moderate rain falls. our system the most amounts were left in the north bay. quarter to an inch of rain. lighter amounts will be south. might get little enhancement. there is not much of a breeze. kind of like a gray showery patter
speaker john boehner will the looming fiscal cliff. neither side would offer details, but say that the lines of communication remain open. meanwhile the head the mff international monetary fund wants it fixed for the long- term. >> reporter: the crt of the international monetary fund said a more comprehensive solution is need. imf chief christine le guard said it must do more than avoid the fiscal cliff to get america's economy growing again. >> there is still that degree of uncertainty that fuels doubt, that prevents investors and entrepreneurs and households from making investments because they don't know what it will be. >> house speaker john boehner complains there has been no progress in avoiding the most immediate crisis. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: democrats show no signs of backing off from supporting the president' hard line stance on raising the income tax rate on the rich. >> we democrats realize there has to be two sides to this bargain, but we'r
. >>> later today president obama meets with two very different groups about that fiscal cliff crisis. first the president will speak to and answer questions from members of the business round table. this is an association of chief executive officers of top u.s. companies. later in the day the president will address a conference of native american triable leaders. both groups are concerned about automatic tax hikes and spending cuts that will kick in on january 1st if congress does not act. >>> coming up at 6:15 the uphill battle facing this man republican house speaker john boehner within his own party. as he tries to negotiate a deal do avoid that fiscal cliff. >>> time now is 6:08. let's check in with tara. what are you keeping an eye on? >> in san francisco we have issues actually with some backup. spinout near hospital suffer on 101 southbound and there are several cars that are in the fast lane and definitely having an impact on traffic. right now let's take a look at our maps. we can show you where we have other accidents brewing here. 280 northbound. and then we have flooding in the
to raise revenues and cut spending. during a fla tla debate on the fiscal cliff today, the house will not adjourn for the holidays until they have reach add deal. >>> on wall street today it was a mixed day on the market. the dow jump td almost 83 points t. nasdaq fell about 23 points and the s & p 500 was up a little more than two points. >>> anger over action by egypt's new president turned into another violent protest today outside the presidential pals a. there are reports some demonstrators broke through barbed wire and hurled chairs and rocks at police and that people in support of the president beat some protesters with clubs. president morsey angered many people with the decree last month that gave him more power. secretary of state hilary clinton said today the unrest shows an urgent need for dialogue on both sides. >>> the u.s. state department confirmed today it is looking into reports that syrian president may be seeking asylum in another country. reportedly president is look to latin america for asylum for his family and members of his inner circle. the priority righ
home. coming up, remembering what happens. they are supporting his end of the year fiscal cliff. he spoke to house speaker john boehner and increasingly some republicans are willing to go along with president barack obama's plan to raise taxes on the healthiest of americans. >> i actually think it has merit where you go and give him the increase on the top 2% and all of a sudden the shift goes back to entitlementment. >> coming up, this morning, truckers who carry cargo to and from the port of oakland they say theory relieved that another strike is likely. more than 500 walked off the job last month and they have ratified a new contract. it includes 2013 cost of living raise and bonus contract. >>> and they are meeting in their search for a new police chive and police chief chris moore is retiring after less than two years on the job and they have a meeting at 6:30 at the south side onto ther road. >>> and officials say the lane closures are here for fee placing crashed curb advance, and i am happy to say, sale is back. it is not the same without you, buddy. >> we are already off to
the fiscal cliff is looming. today republican house leaders made moves to quiet some of the most conservative voices of dissent within their own party. two hard-lying tea party conservatives were removed from the house budget committee where elements of a fiscal cliff deal are to be considered. meanwhile president obama held his ground insigs on higher tax rates for the top 2% of the wealthiest americans. >>> the political wrangling but a damper on wall street as stocks finished slightly lower in a light strad trading day. the dow jones industrial lost 13, the nasdaq shed 5. shares in oakland-based pandora are plum etting after hours. the internet radio company posted better-than-expected quarterly results but lowered its outlook for the rest of the fiscal year. the company is facing stiffer competition from the likes of apple and microsoft. both companies are launching their own music service. pandora shares dropped 17% after the closing bell. >>> now, numbers and new numbers show home sales in california remain steady, a sign of the recovering housing market, but as john reports, in one bay
this evening to discuss the latest proposals how to avoid the looming fiscal cliff. both sides are feeling the pressure from the nation's top corporate executives. 150 ceos including the heads of boing, honeywell and general electric. they're urging a compromise that includes increased revenue even if it means raising tax rates. more de tails now according to the non-partisan tax foundation the average family of four in the bay area would pay about $74 hun more in taxes if there is no deal on the fiscal cliff. that is a tad lower in san jose. if democrats and republicans don't reach an agreement by the end of this year. >>> on wall street stocks rose for a fifth consecutive day. the dow industrial gained 78 points, nasdaq gained 35 led by apple's 2% gain. >>> some immigrant students could soon have their dreams of a college education become reality thanks to a big gift to uc berkeley. today uc berkeley announced a $1 million gift to provide scholarships for low-income, undocumented students. the students qualify for state financial aid but not federal grants or loans. undocumented immigran
a half of a percent. they are trying to resolve the fiscal cliff before the end of the year and many are optimistic after pretty good gains across the board yesterday and futures indicate a higher opening for the nasdaq, and s&p 500 as well. there is a shakeup this morning and facebook is part of the nasdaq which tracks the 100 biggest financial companies on the exchange. it will be the 23rd largest of that index. facebook was expected but it is not expected to affect the stock's price. >>> and we have the very latest on the dog sentenced to death. bay area supporters are rallying to support this dog from being euthanized and plus a run-in with an "a" spca -- a spca worker. stay tuned. . >> charlie the dog bit a police horse in august. the owner is now vowing to fight the decision ordering that charlie be put down. in june, the dog lunged at a person attempting to take it to the a spca. they say rehabilitating him is not likely. >>> they are fighting to get the monkey back. jasmine has been meeting with a lawyer talking about her options and she said she would allow the monkey to sta
there may be only two people at the fiscal cliff negotiating table. according to the new york times house speaker john boehner says he wants to negotiate directly with president obama. he has asked that senate leaders and house minority leader nancy pelosi be excluded from future talks. and clearing a negotiating room improves the chances for success. just 25 minutes from now the closely watched monthly unemployment report will be released for november. coming up at 5:15 what economists say the numbers released this morning don't accurately reflect the current jobs market. >>> time now 5:05. reports an oakland church youth group visiting florida today is out of money and their belongings because thieves broke into their van. a group of 24 teenagers and young adults were eating at a restaurant yesterday. about an hour after arriving for a weekend youth conference. they are saying thieves broke into their van, stole $12,000 cash. one member of the group was able to have money wired to them so they at least spent last night in a hotel. there is no word yet if this group plans to come back to
locked out of the battle over the fiscal cliff. why california congresswoman nancy pelosi and other leaders are not being allowed to negotiate. ktvu channel 2 morning news continues. >>> good morning, to you. welcome to a brand new day friday december 7th i'm dave clark. >> and i'm pam cook. thank you for joining us this morning. i want to start with weather and traffic. weather rosemary orozco is in for steve. >> fair weather in the forecast. lasting through the weekend. hopefully that brings a smile to your face. tgif to you. we're off to a chilly start this morning. mostly sunny skies for the afternoon. temperatures running warm for december and it will be a trend we see for your weekend. i'll have details on this coming up in a moment. good morning, tara. >>> good morning, rosemary. here's a look at traffic through 880. the headlights are southbound as you make your way toward the hayward area. up next we have a look at the east shore freeway. the headlights you see are folks heading westbound on to the mccarthur maze and to the bay bridge toll plaza where we are starting to see
the white house today about the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 j
the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the c
. >>> time now 4:42. president obama continues to focus on the looming fiscal cliff. first the president will speak to and answer questions from members of the business round table an association of chief executive officers of leading u.s. companies. later in the day president obama will address a conference of native american tribal leaders. both groom groups say they are concerned about automatic tax increases and spending cuts that will kick in come january 1st if congress doesn't act. both republicans and democrats say -- with the wars in iraq and afghanistan ending, there is support for cutting back on military spending. but many lawmakers want to avoid the automatic across the board cuts and defense budget that will kick in january 1st if congress doesn't act. they would prefer to make strategic cuts. >>> nudist are planning a city against san francisco. against-- planning a protest against city hall. they had to cover half a dozen nudist. the board voted 6-5 for final approval of a ban on public nudity. >> there is no evidence anywhere in science or any kind of research any legiti
for the fiscal cliff deal that include as tax increase for the rich. he met with business leaders in washington d.c. and he is aware that some republicans may be willing to raise tax revenues. but he warped the gop not to pick another fight on the debt sealing. he was can dade -- death ceiling and he was can -- he was candid. >> this is the top 2%. includes all of you, yes. >> i believe there is a purpose to put revenues on the table. >> house speaker boehner countered the president's proposal without raising individual tax rates. the republican plan also includes 600 billion in spending cuts to federal healthcare programs and increase in the eligibility age for medicare. >>> a san francisco blogger and activist is in hot water of a photograph after political opponent. michael petrellis took this of scott weaner last year in a pact room. >> he tried to take a picture of him at an urinal. and today, he pleaded not guilty to misconduct. he wants it to be made as part of the from. >> we will be fighting the case and despite the fact that the photograph was taken, we are talking fundamentally of a ge
' biggest concern remains the fiscal cliff. taking a live look at big board -- >>> the number of people seeking unemployment benefits fell sharply last week. according to the u.s. labor department, 370,000 people filed claims. that's down 25,000 from the previous workweek -- week. analysts say the drop is a sign that nearly the effects of superstorm sandy has faded. and this comes as the government releases the closely- watched survey for november. >>> apple will produce one of its existing lines of mcintosh computers next year. tim cook, the ceo, did not say which line or where in the house -- where in the u.s., the computers will be assembled. many are made in china. in the 1980s, they were made in fremont. in 1990, the production moved to elk grove in sacramento county. >>> lawyers for apple and samsung are scheduled to be back in federal court in san jose today. samsung wants the judge to throw out a billion-dollar judgment against it for infridgement and wants the judge to add $5 million of the award and -- apple wants the judge to add $5 million to the award. apple's stock, it is
of the president's -- on the fiscal cliff. it's part of the president's plan to help raise taxes on the 2% of wealthy americans. >>> and president obama met privately with house speaker john boehner at the white house over the weekend. it was their first one-on-one meeting since the crisis. >>> 8:06. a federal judge expected to approve a plan to give control of the oakland police department to a court-appointed director. this comes after oakland failed to meet a federal judge's order to make reforms agreed to in the settlement of the riders police brutality case. the director will have the power to spend city money, change police procedures and if the police department continues to fail to make reforms even fire the police chief. >>> well, a man accused of shooting and killing a driver in a road-rage incident is talking now. brian jones is in the sacramento county jail. now, he admitted he fired shots at another driver in sacramento. it happened after jones says his sister said she was being followed by someone she didn't know saturday morning. she called brian for help. jones admit, he c
. and in just about 15 minutes, democrats will be speaking out about the fiscal cliff saying medicaid should not be subject to cuts. in the past 48 hours since president obama and john boehner met face to face, no details on the discussions have -- have been released. the president said he's willing to compromise but maintains his stance on tax increases for the wealthy. >> we ask the wealthiest americans to pay 2%. i won't comhe promice on -- compromise on that >> reporter: and then an official came on tv and said they could save money by making tax cuts to the food stamp program. >>> aig is selling off most of its profit and the government will end up with a profit of $22 billion, to many people's surprise. aig was rescued in 2008 just before it had to file for bankruptcy. now aig executives say the company may be able to pay a dividends to the shareholders by next summer. >>> we're learning about an up expected new fee that's part of the reforms. it's a temporary $63 per person fee designed to help pay for people with preexisting conditions. it will hit health plans affecting 9 0 million
. >>> and a special delivery to congress today that may turn up the heat to reach a compromise on a so called fiscal cliff. join us at 7:00 on tv 36. >>> meeting the need this holiday season. the scramble to make sure children have a happy holiday. >>> officials in palo alto are putting off a decision on a new downtown parking rule. the city council voted yesterday to suspend a zoning exception that lowers parking requirements for new development. council members are still divided on whether to review the process. >>> organizers with working partnerships say it's a real scramble every year to make sure children don't go without at their annual holiday party at the santa clara county fairgrounds. >> we've been doing it a number of years but it's always frightening to know are we going to get enough toys because the one thing we don't want are kids invited to a party, they are looking forward to it. and suddenly, santa has nothing for them. >> if you would like to support a bay area organization or charity during this holiday season, just go to ktvu.com, we've included information on how you can dona
. >>> as a u.s. inched one day closer to the fiscal cliff, john boehner made a new proposal. >> americans have to be scratching their head and wondering, when is the president going to get serious. >> house minority leader nancy pelosi defended the president. >> he has said that he's willing to make some changes. but it's really important that any changes not hurt the middle class. >> reporter: pelosi also said democrats have already agreed to more than a trillion and a half dollars in budget cut this is year. more details now on how a fall off that fiscal cliff would affect taxpayers. the nonpartisan tax foundation says an average family of four would pay an extra $7,400 in taxes. looking at specific cities here, people in san francisco and oakland would pay an extra $7,424 in san jose it would be 7,352. and in santa rosa, $3,333. now to wall street where stocks today moved into positive territory. the dow clos up 78 points. >>> there were more jobs advertised in september than october. job openings rose by 128,000 to 3.68 million in october that is the most since june. and in a separate repo
. >>> and they are looking for billions of dollars in cuts as they prepare to go over that fiscal cliff. hundreds of thousands of the jobs all over california could be affected, allison? >> 135 government workers in california could lose their jobs if there is no deal on those spending cuts that kick in at the end of the month. they say not only to plan for the cuts but that has changed. they are preparing to slice about 10% of their budget. experts are looking at 135 defense employees could lose their jobs but experts say there is still time to reach a deal and avoid those major lawsuits. >> nobody wants to reach a deal more than i. i will be ready to sit down with the president and solve this. >> reporter: they could be hit the hardest and i will have more about it during my next update on ktvu channel 2 morning news. >>> they are looking at grant money from the environmental protection agency. each student could be awarded a large sum of money. stanford's group wants to disinfect drinking water in bangladesh. in april they go to washington d.c. to prevent their work to a panel of scientists an
to prevent falling off the fiscal cliff. >> they agreed with the balanced approach that asked something from everyone, but a little more from those who can afford it the most of the it's only way to put our economy on a sustainable panel without asking even more from the middle-class. >> florida senator marco rubio responded with a call for limited government, reform in the tax code and the goal of creating new taxpayers, not new taxes. >>> president obama has outlined what corporations can do to help the nation celebrate his inaugural in january. while taxes pay for the swearingin, festivities are privately funded new hampshire 2009 mr. obama refused corporate donations and he is now accepting them in packages up to $1 million. . >>> former south of canpresident nelson mandela was admitted to a hospital. current president of south africa says there was no cause for alarm by the4-year-old's health. mandela spent 27 years in prison for fighting fighting apartheid in south africa. >>> two dozen teens work on ideas at castro library this afternoon. >> it's really interesting ideas at inspectio
is investigating this shooting. >>> continuing coverage now on the looming fiscal cliff. president obama met private lily with john boehner at the white house. aides say the lines of communication remain open. it was the first time the two men had met privately since election day. this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2%. all of a sudden, the shift goes back to entitlements. >> congress has three weeks to prevent automatic tax hikes for all americans, and drastic cuts in federal spending. >>> there is no plan to change a controversial practice of changing votes after a practice passes or fails. about half of those sworn in last week are new to the job. during the past session, aseem belie members changed their votes more than 5,000 times. the practice does not affect the outcome of a bill but it disallow lawmakers to hide or distort th
the fiscal cliff echoed that of the president today. >> what you need is a package that keeps taxes where they are for middle class families, we make some tough spending cuts on things that we don't need. and then we asked the wealthiest americans to pay a slightly higher tax rate. >> reporter: some republicans now urging their party to give the 39.6% tax rate he wants on those who make more than $250,000. so the gop might get changes to social programs. >> toward 16 trading debt is it responsible to keep borrowing money and never address why you're in debt in the first place. >> reporter: some analysts say the deal needs to be hammered out by this thursday to be finalized by the end of the year. the president and the gop were silent and that's considered a positive sign. rita williams, ktvu channel 2 news. >>> more details now a new poll suggests that americans favor raising taxes on the well to do and large corporations. 60% of respondents support raising taxes on household that is earn more than $250,000 a year. and 64% want to raise taxes on large corporations. that's according to the
. investors continue to watch washington and talks on the so called fiscal cliff. november job numbers are also due out tomorrow. jobless claims fell sharply last week. the labor department said applications fell to 370,000. claims had temporarily spiked last month after superstorm sandy. analysts say the effects of the storm are still being seen in the four week average which stands at 408,000. >>> there is new information tonight about an albany middle school teacher who killed himself after being accused of sex allegations. 28-year-old james isam saki killed himself in september after police arrested him and searched his home. since then there has been debate about the extent of the crimes. according to court documents unsealed today, he exchanged thousands of flirtatious messages with an under aged student along with open mouth kissing and fondling on campus. police say there were several victims. >>> police in mountain view have just released photos of an i.d. theft woman. the woman is impersonating a customer in downtown maintain view. the woman made unauthorized withdraws totali
the rich more to avoid going over the fiscal cliff echoed that of the president today. >> what you need is a package that keeps taxes where they are for middle class families, we make some tough spending cuts on things that we don't need. and then we asked the wealthiest americans to pay a slightly higher tax rate. >> reporter: some republicans now urging their party to give the 39.6% tax rate he wants on those who make more than $250,000. so the gop might get changes to social programs. >> toward 16 trading debt is it responsible to keep borrowing money and never address why you're in debt in the first place. >> reporter: some analysts say the deal needs to be hammered out by this thursday to be finalized by the end of the year. the president and the gop were silent and that's considered a positive sign. rita williams, ktvu channel 2 news. >>> more details now a new poll suggests that americans favor raising taxes on the well to do and large corporations. 60% of respondents support raising taxes on household that is earn more than $250,000 a year. and 64% want to raise taxes on large c
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